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Connecticut Mega Millions Jackpot Annuity Payout Schedule for Dec 2, 2022

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The tax information provided here is based on 2022 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $333,000,000 for a ticket purchased in Connecticut, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Connecticut

Drawing Date:Fri, Dec 2, 2022
Jackpot:$333,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,012,128$1,817,442$350,348$2,844,338
2$5,262,734$1,910,167$367,865$2,984,702
3$5,525,871$2,007,527$386,258$3,132,085
4$5,802,165$2,109,756$405,571$3,286,837
5$6,092,273$2,217,096$425,850$3,449,327
6$6,396,886$2,329,803$447,142$3,619,941
7$6,716,731$2,448,145$469,499$3,799,086
8$7,052,567$2,572,405$492,974$3,987,188
9$7,405,196$2,702,877$517,623$4,184,695
10$7,775,455$2,839,874$543,504$4,392,078
11$8,164,228$2,983,719$570,680$4,609,829
12$8,572,440$3,134,758$599,214$4,838,468
13$9,001,062$3,293,348$629,174$5,078,540
14$9,451,115$3,459,867$660,633$5,330,614
15$9,923,670$3,634,713$693,665$5,595,293
16$10,419,854$3,818,301$728,348$5,873,205
17$10,940,847$4,011,068$764,765$6,165,013
18$11,487,889$4,213,474$803,003$6,471,412
19$12,062,283$4,426,000$843,154$6,793,130
20$12,665,398$4,649,152$885,311$7,130,934
21$13,298,667$4,883,462$929,577$7,485,629
22$13,963,601$5,129,487$976,056$7,858,058
23$14,661,781$5,387,814$1,024,858$8,249,108
24$15,394,870$5,659,057$1,076,101$8,659,712
25$16,164,613$5,943,862$1,129,906$9,090,845
26$16,972,844$6,242,907$1,186,402$9,543,535
27$17,821,486$6,556,905$1,245,722$10,018,859
28$18,712,560$6,886,602$1,308,008$10,517,950
29$19,648,188$7,232,785$1,373,408$11,041,995
30$20,630,598$7,596,276$1,442,079$11,592,243
Total$333,000,001$122,098,649$23,276,698$187,624,649

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.